Banc Funds Co. LLC trimmed its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,364 shares of the bank’s stock after selling 22,400 shares during the period. Banc Funds Co. LLC owned about 1.84% of Peoples Bancorp worth $12,589,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Group AG grew its position in Peoples Bancorp by 26.8% in the 1st quarter. UBS Group AG now owns 6,908 shares of the bank’s stock worth $245,000 after purchasing an additional 1,460 shares during the last quarter. MetLife Investment Advisors LLC grew its position in Peoples Bancorp by 27.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 8,443 shares of the bank’s stock worth $319,000 after purchasing an additional 1,802 shares during the last quarter. US Bancorp DE grew its position in Peoples Bancorp by 5,073.7% in the 2nd quarter. US Bancorp DE now owns 8,847 shares of the bank’s stock worth $335,000 after purchasing an additional 8,676 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Peoples Bancorp during the 1st quarter valued at about $415,000. Finally, Globeflex Capital L P boosted its position in shares of Peoples Bancorp by 12.0% during the 2nd quarter. Globeflex Capital L P now owns 14,900 shares of the bank’s stock valued at $563,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors own 62.09% of the company’s stock.
In other news, Director George W. Broughton sold 4,366 shares of Peoples Bancorp stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $34.07, for a total transaction of $148,749.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.03% of the stock is currently owned by insiders.
Several analysts have recently weighed in on PEBO shares. BidaskClub upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $38.00.
Shares of Peoples Bancorp stock opened at $34.71 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a twelve month low of $32.28 and a twelve month high of $39.58. The stock has a market cap of $674.17 million, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.64 and a beta of 0.62.
Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. Peoples Bancorp had a net margin of 20.72% and a return on equity of 9.64%. The business had revenue of $47.68 million for the quarter, compared to analyst estimates of $47.46 million. Research analysts forecast that Peoples Bancorp Inc. will post 2.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 5th were given a dividend of $0.30 per share. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Friday, November 2nd. Peoples Bancorp’s payout ratio is 52.63%.
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About Peoples Bancorp
Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.
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